Jito staked SOL slips to 10.33 million in a week of small outflows
Jito’s liquid staking pool held 10.33 million $SOL at 20:37 UTC on Oct. 31, about 90,000 fewer than a week earlier, DefiLlama data show.
The quick take
- Price: $SOL $95.74 (+0.4% ↑ in 24 hours) and $JTO $0.371 (-0.9% ↓), CoinGecko, as of 5:41 p.m. ET, Oct. 31.
- Trigger: the pool’s coin count fell by 90,208 $SOL (-0.9% ↓) from the start of Oct. 24 to 20:37 UTC on Oct. 31, per DefiLlama.
- Watch: whether the count holds above 10.3 million as the week closes.
What happened
Jito staked SOL slipped to about 10.33 million coins on Saturday, Oct. 31, as small outflows continued at the liquid staking pool run by Jito ($JTO). DefiLlama’s reading at 20:37 UTC put the pool at 10,330,396 Solana ($SOL). At the start of Oct. 24, the same tracker showed 10,420,604 $SOL.
That is a drop of 90,208 $SOL, or 0.9%, in about a week. In dollars, the pool fell 7.0%, from $1.06 billion to $988 million. Most of that dollar loss came from a lower $SOL price, not from coins leaving.
The biggest one-day step came between the starts of Oct. 29 and Oct. 30. The pool gave up 41,438 $SOL then, about 0.4%. Its dollar value fell 7.5% over the same day, from $1.06 billion to $982 million.
Why it moved
Two forces are at work. The first is price. CoinGecko showed $SOL at $95.74 at 21:41 UTC, down 5.5% over seven days. Every staked coin is worth less in dollars when $SOL falls, even if nobody withdraws. DefiLlama counts the pool in $SOL and converts it at the current price, so both forces show up in its dollar figure.
The second force is real outflows, and they are small. Staking rewards add new $SOL to the pool over time. So a falling count means withdrawals were larger than those rewards.
We found no Jito announcement or rated news report that explains the withdrawals, so the cause is not confirmed. Since midnight UTC on Saturday, another 34,563 $SOL has left the pool, per DefiLlama. The pace has not sped up much, but it has not turned around either.
Who’s buying and selling
JitoSOL is the token stakers receive for their deposits. It grows in value against $SOL as rewards build up. Jupiter’s price feed showed JitoSOL at $125.22 and $SOL at $95.69 at 21:45 UTC. That puts one JitoSOL near 1.31 $SOL.
The governance token is calm. CoinGecko had $JTO at $0.371 at 21:41 UTC, down 0.9% in 24 hours, and Jupiter’s price matched within 0.1%. Token holders do not appear to be reacting to the small outflow.
Early in the week, the count held near 10.42 million $SOL. It then fell in three of the last four DefiLlama readings. For a pool worth nearly $1 billion, losing under 1% of its coins in a week is a modest move, but the direction has been steady.
What to watch next
The 10.3 million mark is the next round number for the pool. A drop below it would extend the slide that began on Oct. 28.
Watch the $SOL price too. A rebound would lift the pool’s dollar value even if the coin count keeps slipping. Any update from Jito on its blog or forum could help explain who is withdrawing. The next DefiLlama daily reading, at midnight UTC, will show whether Saturday’s outflow carried on.
Bottom line: Jito’s pool is losing coins slowly, and a weaker $SOL price is doing most of the damage to its dollar value.
Sources
- DefiLlama: Jito Liquid Staking (TVL and SOL held, daily history and 20:37 UTC reading, Oct. 31)
- CoinGecko: Solana (price, 24-hour and 7-day change, 21:41 UTC, Oct. 31)
- CoinGecko: Jito (price and 24-hour change, 21:41 UTC, Oct. 31)
- Jupiter price API (JitoSOL and SOL prices, 21:45 UTC, Oct. 31)
Price data: CoinGecko.
Not financial advice.
